PROFIT AND LOSS - Practice Mode

1) What is the cost price (C.P) formula if there is a profit?

((100)/(100-Loss %))xS.P ((100)/(100+Profit %))xS.P ((100+Profit %)/(100))xC.P ((100-Loss %)/(100))xC.P

Correct Answer: ((100)/(100+Profit %))xS.P

2) What is the formula to find selling price (S.P) if there is a loss?

((100)/(100+Profit %))xS.P ((100+Profit %)/(100))xC.P ((100)/(100-Loss %))xS.P ((100-Loss %)/(100))xC.P

Correct Answer: ((100-Loss %)/(100))xC.P

3) What is the formula to find Profit %?

((C.P)/(Profit))x100 ((Profit)/(S.P))x100 ((S.P-C.P)/(Profit))x100 ((Profit)/(C.P))x100

Correct Answer: ((Profit)/(C.P))x100

4) What is the profit amount, if the i - phone cost price is Rs.50000/- and selling price is Rs.70000/-?

Rs. 2000/- Rs. 10000/- Rs. 20000/- Rs. 50000/-

Correct Answer: Rs. 20000/-

5) What is the selling price, if the profit is 5% for a computer table bought at Rs.1150/- with Rs.50/- as a transport charge?

1160 1620 1060 1260

Correct Answer: 1260

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